The Hollowing Out of Tech Jobs: AI's Unsettling Legacy The latest labor statistics show a stark shift in the tech sector, threatening entire industries with job displacement.
Artificial intelligence (AI) is driving productivity gains, but its immediate consequence is a shrinking workforce. In June alone, 63,000 workers were laid off, a staggering increase of 0.
7 percentage points from the previous month. The six month moving average layoff rate has climbed to 2%, its second highest reading on record. This surpasses the 1.